Update on Clara LuzClara needs a new loan to continue investing in her business growing basic grains. She will use it to buy agricultural supplies (manure, weed killer, plaguicide, insecticide, pesticide, corn seeds, among other things) which she needs for her crops and to help her boost her production, as she will have everything ready for sowing. Her financial situation and family circumstances have improved immeasurably.
Las condiciones economicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsClara lives with her husband and three children. She and her husband grow corn, plantain and sesame. For 23 years she has been in farming since she learned the trade from her parents. She has no specific work schedule. The loan will be used to buy farm supplies such as pest control products... More from Clara Luz's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid